Tight Supply and Upward Price in Ferroniobium Market
Date: Jan 17, 2019
www.ferroalloynet.com: CBMM is the main supplier of Brazilian ferroniobium in China. CITIC Metal Brazilian ferroniobium offers 200,000-230,000 yuan/ton, of which more than 80% are directly supplied to domestic large and medium-sized steel mills, which are all long-term agreement order. A small amount of supply to several agents, agents are also directly supplied to steel mills. Known from several CITIC metal agents that the supply of ferroniobium in Brazil is still tight, all signed to their long associate customers. A small amount of Brazilian ferroniobium circulating in bulk market, due to tight supply and price slightly upward, is currently quoted for cash of 230,000-250,000 yuan/ton.
